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Watchdog: Murkoswki Should Have Disclosed Land Deal
Bill Allison at the Sunlight Foundation has weighed in on our coverage of Sen. Lisa Murkowski's (R-AK) murky land deal with campaign contributor and real estate developer Bob Penney, who is tied to the Sen. Ted Stevens (R-AK) investigation. As we reported, Murkowski has refused to disclose the sale price of the plot.
Allison swings at Murkowski's claim that the sale price is exempt from Senate disclosure rules because she plans to use the 1.27 acres of wooded riverfront property for "personal use." Allison took a look at the relevant federal law and concludes that the exception Murkowski gives is meant for residences, rather than any kind of use.
[The law] would seem to indicate a pretty air tight requirement to report the sale -- even if Murkowski is living in the woods, I don't think that would qualify as a personal residence.
We'll let you know if Murkowski changes her mind.
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Comments (5)
johnnydoughey wrote on July 18, 2007 1:03 PM:Will the one honest politician please stand up!
Oops... they're all standing up....
We'll have to try something else...
frank wrote on July 18, 2007 3:08 PM:love the mall hair!
Nerka wrote on July 18, 2007 6:43 PM:The TV crews showed up yesterday at the local borough assessment office and found out the selling price was a few thousands dollars above the property's assessed value. Then they left. Nothing on this ran last night on the TV. Stay tuned to this exciting unfolding drama.
Buster wrote on July 19, 2007 2:25 AM:Go to www.KTUU.com for the latest news on "Lisa's Landing."
Bob Krogseng wrote on July 20, 2007 4:00 PM:The 20 July 2007, Peninsula Clarion (our local newspaper) has an ad. placed by Fred Braun, a top agent of Freedom Realty, that starts :
"PRICE @ BELOW BOROUGH ASSESSED VALUE. Custom Hapco riverfront home on oversize 1.23 acre lot."
So yes, property on the Kenai does sell below Borough appraised value. ! !
Personaly, it would be worth quite a bit to be able to pick my neighbors.
Bob